May 2015 Data Release

Transcription

1 May 215 Data Release Fannie Mae s consumer attitudinal survey polls the adult U.S. general population to assess their attitudes about homeownership, renting a home, the economy, and household finances. CONSUMER ATTITUDES ABOUT HOMEOWNERSHIP The average 12-month home price change expectation remained at 2.8%. The share of respondents who say home prices will go up in the next 12 months rose to 49%. The share who say home prices will go down fell to 6% Average 12 Month Home Price Change Expectation Share of respondents who say home prices will in the next 12 months Go Up Go Down Stay the Same The share of respondents who say mortgage rates will go up in the next 12 months fell to 47%. Those who say it is a good time to buy a house rose back to 66%, while those who say it is a good time to sell went up 3 percentage points to 49% - a new survey high Share of respondents who say mortgage rates will in the next 12 months Go Up Go Down Stay the Same Share of respondents who say it is a Good Time to Buy Good Time to Sell National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

2 CONSUMER ATTITUDES ABOUT HOMEOWNERSHIP AND HOME RENTAL The average 12-month rental price change expectation rose to 4.3%. The percentage of respondents who expect home rental prices to go up rose to 55% Average 12 Month Rental Price Change Expectation Share of respondents who say home rental prices will in the next 12 months Go Up Go Down Stay the Same Those who think it would be easy to get a home mortgage decreaseed 2 percentage points to 5%, while those who think it would be difficult remained at 46%. Share of respondents who think it would be to get a home mortgage today Easy Difficult The share who say they would buy if they were going to move rose 3 percentage points to 66%, while the share who would rent fell to 27% Share of respondents who say they would if they were going to move Buy Rent National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

3 CONSUMER ATTITUDES ABOUT THE ECONOMY AND HOUSEHOLD FINANCES The share of respondents who say the economy is on the right track decreased by 4 percentage points to 38%, while those who say the economy is on the wrong track rose by 3 percentage points to 52%. The percentage of respondents who expect their personal financial situation to get worse over the next 12 months rose to 12%. Share of respondents who say the economy is on the Right Track Wrong Track Share of respondents who expect their personal financial situation to over the next 12 months Get Better Get Worse Stay the Same The share of respondents who say their household income is significantly higher than it was 12 months ago rose 4 percentage points to 28%. The percentage of respondents who say their household expenses are significantly higher than they were 12 months ago increased to 31% 8 6 Share of respondents who say their household income is than it was 12 months ago Significantly Higher Significantly Lower About the Same Share of respondents who say their household expenses are than they were 12 months ago Significantly Higher Significantly Lower About the Same National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

4 Fannie Mae Monthly National Housing Survey May 215 APPENDIX About the Survey Fannie Mae s National Housing Survey polled a nationally representative sample of 1, respondents aged 18 and older between May 1, 215 and May 2, 215. Most of the data collection occurred during the first two weeks of this period. Findings were compared to the same survey conducted monthly beginning June 21. Interviews were conducted by Penn Schoen Berland, in coordination with Fannie Mae. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error, including bias and variance from response, nonreporting, and undercoverage. Expected price changes are calculated by creating an average of all responses, using a % change for those who said prices would stay the same, and excluding outliers beyond two standard deviations. All figures are shown in percentages, except where otherwise stated. May 215 Survey Audience Size: General Population (N=1,1) Margin of Error: ±3.1% Average home price change expectation % May June July August September October November December January February March April May Share of respondents who say home prices will go up, go down, or stay the same in the next 12 months % Go Up % Go Down % Stay the Same May June July August September October November December January February March April May National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

5 Share of respondents who say mortgage rates will go up, go down, or stay the same in the next 12 months % Go Up % Go Down % Stay the Same May June July August September October November December January February March April May Share of respondents who say it is a good time to buy, and share of respondents who say it is a good time to sell % Good Time to Buy % Good Time to Sell May June July August September October November December January February March April May Average rental price change expectation % May June July August September October November December January February March April May National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

6 Share of respondents who say home rental prices will go up, go down, or stay the same in the next 12 months % Go Up % Go Down % Stay the Same May June July August September October November December January February March April May Share of respondents who think it would be difficult or easy for them to get a home mortgage today % Difficult % Easy May June July August September October November December January February March April May Share of respondents who say they would buy or rent if they were going to move % Buy % Rent May June July August September October November December January February March April May National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

7 Share of respondents who think the economy is on the right track or the wrong track Right Track Wrong Track May June July August September October November December January February March April May Share of respondents who expect their personal financial situation to get better, get worse, or stay the same in the next 12 months % Get Better % Get Worse % Stay the Same May June July August September October November December January February March April May Share of respondents who say their household income is higher, lower, or about the same compared to 12 months ago % Higher % Lower % About the Same May June July August September October November December January February March April May National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

8 Share of respondents who say their household expenses are higher, lower, or about the same compared to 12 months ago % Higher % Lower % About the Same May June July August September October November December January February March April May National Housing Survey May 215 Data Release. 215 Fannie Mae. May 215

Fannie Mae National Housing Survey What Younger Renters Want and the Financial Constraints They See Copyright 2014 by Fannie Mae May 2014 Table of Contents Research Methodology... 4 Executive Summary.....

Household Debt in the U.S.: 2000 to 2011 By Marina Vornovytskyy, Alfred Gottschalck, and Adam Smith Debt is an important financial tool used by U.S. households to finance their purchases. Households often

Sun Life Canadian UnretirementTM Index 2014 Canadian Unretirement Index Report Life s brighter under the sun Table of contents About the Sun Life Canadian Unretirement Index... 2 Will you be working at

Can They Afford to Buy? For each case study, examine the household s overall financial portfolio and determine whether they are able to realistically afford the home they would like. Your decision should

name: date: how much would you spend? scenario 1 Manuel wants to buy a car. But before he goes shopping, he wants to know exactly how much he can afford to spend each month on owning, operating, and maintaining

Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan Borrowers Who Are Current on Their Mortgage Are Asking: 1. What help is available for borrowers who stay current

MMI Omnibus Survey Homeownership Top-Line Results and Suggested Story Lines Methodology: Cynapsus and Money Management International (MMI) developed a series of questions on the topic of homeownership,

Who Could Afford to Buy a Home in 200? Affordability of Buying a Home in the United States Current Housing Reports Ellen Wilson and Robert R. Callis Issued May 203 H2/3-02 IntroductIon This is the seventh

EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS CEA NOTES ON REFINANCING ACTIVITY AND MORTGAGE RATES April 9, 2009 EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS WASHINGTON,

5 Biggest Mistakes Most Home Buyers Make and 3 Guaranteed Ways to Get Approved for a Home Loan This Complementary Special Report was prepared by: Jose A. Rodriguez Jr. Vice President of Sales & Marketing

Economic Confidence, Education, And Student Debt Is College Worth The Debt? With increased attention given to rising student debt levels, the question Is college worth it? is being asked more and more.

A HOME FOR YOUR FAMILY 7 Budgeting for Home Ownership Perhaps you are just beginning to think about buying a home sometime in the future. Or maybe you have already found a home you would like to buy. Whether

SOCIAL HOUSING REFORM PROGRAMME Media Qs and As 1. What is the main focus of the Government s social housing reform programme? The social housing reform programme builds on a number of measures taken over

WHAT IS THE AT HOME IN QUINCY FIRST-TIME HOMEBUYER PROGRAM? The program can provide homebuyers living or working in Quincy with help to make the purchase of their first one to four-family home in Quincy

Reverse Mortgages Presented by George Cooke, Realtor Coldwell Banker Seniors Real Estate Specialist (SRES) November 12, 2009 Learn the ins and outs of Reverse Mortgages What to look for and what to avoid

Mortgage Pass-Throughs Securitization refers to the conversion of a loan into a marketable security. Home mortgages are securitized via mortgage pass-throughs. For example, 250 mortgages of $100,000 each

Student Activities $ Lesson Five Buying a Home 04/09 should they rent or buy? directions For each of the following situations, circle RENT, BUY, or DEPENDS to indicate your opinion related to this person

9 Claiming Housing Benefit if you sell your home and rent it from the new owner Claiming Housing Benefit if you sell your home and rent it from the new owner Contents 1 I won t be able to afford the rent

The Obama Administration s Eﬀorts To Stabilize The Housing Market and Help American Homeowners August 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

Homeowners with Jumbos Pose Greatest Risk of A new national telephone interview study indicates who mortgage lenders need to worry about the most: Prime jumbo borrowers with good FICO scores are now the

Homework Margin Purchases Dr. Patrick Toche A dagger indicates a possibly more challenging question. Maintenance Margin 1. You are bullish on Telecom stock. The current market price is $50 per share, and

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners April 2014 U.S. Department U.S Department of Housing of Housing and Urban and Urban Development Development

Fannie Mae 2015 Mortgage Qualification Research What Do Consumers Know About The Mortgage Qualification Criteria? Economic & Strategic Research Group December 2015 Disclaimer The analyses, opinions, estimates,

10 Frequently Asked Questions About Foreclosure 1. Who can I call for help if I am in foreclosure or fear I may be soon? The best source of help is a HUD-Approved housing counselor. You can find a housing

Results from three national surveys conducted for the National Reverse Mortgage Lenders Association. 600 seniors with reverse mortgages. 600 seniors without reverse mortgages who own their homes. 600 adults

SECOND MIDTERM EXAM EC26102: MONEY, BANKING AND FINANCIAL MARKETS FEBRUARY 25, 2004 This exam has 25 questions on five pages. Before you begin, please check to make sure that your copy has all 25 questions

The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners March 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S

THINGS TO CONSIDER WHEN SELLING YOUR HOUSE SUMMER 2014 EDITION TABLE OF CONTENTS 1 3 4 5 6 7 9 5 REASONS TO SELL NOW EVERYONE AGREES: YOU SHOULD USE AN AGENT FUTURE HOUSE PRICES: A LOOK INTO THE CRYSTAL

April 15, 2014 Debt Service Coverage Ratio (DSCR) Calculations and Examples This document provides product-specific information and sample calculations for the debt service coverage ratio that is disclosed

US HOUSING MARKET MONTHLY th Oct. Editor: Ed Stansfield New build sales finally making some headway Overview: The drop in mortgage rates towards the end of September has given mortgage applications a boost,

Transitioning to a New System for Multifamily Finance This October 10, 2012, photo shows a home for rent in Skokie, Illinois. By The Mortgage Finance Working Group August 15, 2013 SOURCE: AP/Nam Y. Huh

New loan helps seniors buy homes June 7, 2009 By LESLIE BERKMAN The Press-Enterprise Shrinking nest eggs have retirees searching for ways to stretch their money. Some are discovering a new mortgage tool

Course Goal The goal of Military Relocation Professional Certification Core Course is to educate real estate professionals about working with current and former military service members to find the housing

U.S. Investors & The Fiduciary Standard A National Opinion Survey September 15, 2010 Methodology The ORC/Infogroup survey was conducted August 19-23, 2010 among a sample of 2,012 adults comprising 1,007

Desktop Originator/Desktop Underwriter Release Notes DU Version 9.3 September 29, 2015 During the weekend of December 12, 2015, Fannie Mae will implement Desktop Underwriter (DU ) Version 9.3, which will

Chapter 3 - Selecting Investments in a Global Market Questions to be answered: Why should investors have a global perspective regarding their investments? What has happened to the relative size of U.S.

Barnes & Noble College Marketing Plan: Executive Summary Barnes & Noble College (B&N College) is a subsidiary of Barnes and Noble Incorporated, operating in the United States bookstore industry. B&N College

The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners March 21 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

are you financially well organised? Good Debt, Bad Debt Developing an effective Debt Plan www.financiallywellorganised.com info@fwo.net.au Good Debt, Bad Debt In today s society, it is unusual if you do

Housing Research Summary Giving up homeownership: a qualitative study of voluntary possession and selling because of financial difficulties Number 244 August 2010 Borrowers who cannot pay their mortgages

HECM for Purchase Third Party Origination September 2012 This information is only intended for mortgage professionals AGENDA Review HECM for Purchase (H4P) Basics Identify the H4P Market Discuss H4P Logistics

Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage

Housing Affordability Report MARCH QUARTER Housing affordability improves on the back of falling interest rates as loan sizes rise and incomes stall The first quarter of showed an improvement in housing

The Obama Administration s Eﬀorts To Stabilize The Housing Market and Help American Homeowners June 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

Chapter 7 Section The world changes rapidly and frequently Means each business must stay informed about its Market A group of potential customers people or businesses who are willing and able to purchase

The Obama Administration s Eﬀorts To Stabilize The Housing Market and Help American Homeowners July 2013 U.S. Department of Housing and Urban Development Office of Policy Development Research U.S Department

INDIVIDUAL BORROWING LESSON: HOW MUCH HOUSE CAN YOU AFFORD?: STUDENT HANDOUT Congratulations! You were able to save and invest more than 10 percent of your budget over a few years, and you now have $10,000

EXECUTIVE SUMMARY The U.S. Department of Housing and Urban Development s (HUD s) program for selling defaulted Federal Housing Administration (FHA) loans is the largest auctioning off of government-insured

Teacher's Guide $ Lesson Nine Cars and Loans 04/09 cars and loans websites Being prepared is the best way to keep car-buying choices and decisions on the right track. Students need to examine all aspects

May 2007, Number 7-7 DO PEOPLE PLAN TO TAP THEIR HOME EQUITY IN RETIREMENT? By Alicia H. Munnell, Mauricio Soto, and Jean-Pierre Aubry* Introduction Many of today s workers are at risk of having insufficient

Customer Segmentation in the Age of Big Data By: Michael Million Moving Beyond Traditional Segmentation Traditional customer segmentation is at the heart of every marketing organization, giving companies

2015 Salt Lake Housing Forecast A Sustainable Housing Market By James Wood Director of the Bureau of Economic and Business Research Commissioned by the Salt Lake Board of REALTORS By year-end 2013 home